AMD Stock Price Dip Deepens Despite Wall Street’s “Buy” Ratings
Advanced Micro Devices, Inc (AMD) stock price continues to dip in the after hours after closing 7.04% (36.53 points) lower on Wednesday, August 5, 2026. AMD’s price has faced an additional 0.97% (4.67 points) dip before markets open today. AMD’s dip is surprising given that the company reported record revenue in its quarterly earnings report. The stock has also received overwhelming “buy” signals from Wall Street. Let’s discuss what’s going on.
What’s Behind AMD’s Stock Price Dip?
According to Futurum Group CEO Daniel Newman, the dip could be due to investors expecting even higher gains through AMD’s Helios chips. Patrick Moorhead, founder and chief analyst at Moor Insights & Strategy, also highlighted that investors may have been expecting even bigger numbers from AMD’s quarterly earnings report.
However, the continued dip could be due to SpaceX CEO Elon Musk stating the company will build exclusively on Nvidia, AMD’s primary rival. Musk stated, “Going forward, we’ve decided to build exclusively on Nvidia, because we think the Vera Rubin architecture is the best architecture. We think it’s the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia.“
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